Twain Financial Partners Provides $40M Non-Recourse Construction PACE Loan For San Gabriel Hotel

The property involved in the transaction is a hotel located at 101 & 111 W. Valley Blvd., 1548 & 1549 S. Del Mar Avenue & 1540 Manley Drive in San Gabriel, San Gabriel Valley. The hotel has a total square footage of 527,000.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $40,000,000
• Loan Type: Non-Recourse Construction PACE Loan
• Loan Terms: Fixed Rate Construction - Perm Loan, 30-year term, 30-year amortization

The lender for this transaction is Twain Financial Partners, with Fran Faulknor representing the company. Jason Roth from Pacific Southwest Realty Services acted as the broker in this deal.

This transaction represents the third largest PACE loan in U.S. history. The loan amount of $40,000,000 was obtained for the construction of the hotel. The loan is non-recourse, and the terms include a fixed rate and a 30-year term with a 30-year amortization period.